MUMBAI (Reuters) – India’s market regulator on Thursday said it will raise the position limit for trading members in the futures and options segment.
The overall position limit, including client and proprietary trades, will be set at 75 billion rupees ($892.73 million) or 15% of the total open interest in the market, whichever is higher, the Securities and Exchange Board of India said in a notification.
This limit was earlier set at the higher of 5 billion rupees or 15% of the total open interest.
The position limits will be applicable for index futures and index options separately as it is the current practice, SEBI said.
The provisions come into effect immediately.
($1 = 84.0120 Indian rupees)
(Reporting by Ira Dugal; Editing by Janane Venkatraman)
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